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Jun 8, 2022
06/22
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there is a correlation between broader market movements and cryptos, but if crypto and investors are paying the price for anything, it is in investing in a bubble, and we know how and bubbles end. they burst and destroyed a lot of wealth. this is what happened in the crypto market. bubbles are endemic. the nature of these markets is they are totally unregulated. that is there attraction and their destruction. the only way in which you can have a market which was not subject to these kinds of problems would be a market that is regulated in which was monitored. but that would be an typical to what the crypto enthusiasts want. hashem: is asia bracing for a crypto winter? >> certainly. that is what it looks like. maybe asia has become -- there is a lot of money flowing into the region and a lot of value that was created and that has not been lost as crypto is growing in this. asia will face the same challenges every other market does, if not more in certain markets that have invested heavily and startups that have focused heavily on this space. hashem: we need to talk about the big bitco
there is a correlation between broader market movements and cryptos, but if crypto and investors are paying the price for anything, it is in investing in a bubble, and we know how and bubbles end. they burst and destroyed a lot of wealth. this is what happened in the crypto market. bubbles are endemic. the nature of these markets is they are totally unregulated. that is there attraction and their destruction. the only way in which you can have a market which was not subject to these kinds of...
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Jun 7, 2022
06/22
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ALJAZ
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a large part, i believe, of the run off in crypto prices and crypto attractiveness was because you have this role of money seeking yield anywhere. and as a consequence, once that role of money begins to receipt, then the need to seek out ever more expect to says high risk, high reward asset classes, not just crypto, but other forms of assets will recede with it. as a, as affected us as class. it's perfectly fine, it's perfectly reasonable as a currency. it doesn't work. ok, xannon y is curved to curb is so popular in asia, particularly if you're not. i think for many of the reasons that brian mentioned, speculate the asset. and when you look at a, you know, the various jurisdictions across asia, historically china run ups in the stock market, heavily retail driven, people see crypto currency and speculative asset classes is a way to make a lot of money. whether that be real estate or the stock market or now crypto currency. and so i think a lot of investors, or retail speculators, are trading it like that. and so that's why we're seeing a lot of adoption. there is certain use cases thou
a large part, i believe, of the run off in crypto prices and crypto attractiveness was because you have this role of money seeking yield anywhere. and as a consequence, once that role of money begins to receipt, then the need to seek out ever more expect to says high risk, high reward asset classes, not just crypto, but other forms of assets will recede with it. as a, as affected us as class. it's perfectly fine, it's perfectly reasonable as a currency. it doesn't work. ok, xannon y is curved...
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Jun 25, 2022
06/22
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ALJAZ
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crime. criminals are using crypto. the very same reason why the vast majority of crypto users use it for that speed, liquidity, and cross border nature. what are the kind of crimes that we see around crypto? they're doing everything in this virtual asset world that they were doing in the regular world, particularly scans and frauds, make up the largest category of elicit use of crypto. but you don't think this actually is a problem with crypto itself. you know, there's nothing inherently evil or bad about crypto itself is just simply another method for value transfer. criminal stole $14000000000.00 in crypto currencies last year. or we see any kind of state involvement in this we have seen, elicit use of hacking by north koreans. for example. in fact, they're responsible for hacking over a $1000000000.00 in exchange hacks in the past. but galvis also says the transparency nature of crypto is block chain ledger actually gives investigators a treasure trove of data to work with. so for example, if there was an eliza tran
crime. criminals are using crypto. the very same reason why the vast majority of crypto users use it for that speed, liquidity, and cross border nature. what are the kind of crimes that we see around crypto? they're doing everything in this virtual asset world that they were doing in the regular world, particularly scans and frauds, make up the largest category of elicit use of crypto. but you don't think this actually is a problem with crypto itself. you know, there's nothing inherently evil...
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Jun 30, 2022
06/22
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are you still bullish on crypto? >> i am always bullish on crypto. i was early in the space. in crypto, what we have seen when you look at the historical bitcoin price,, not the nft's, i don't want to own a picture of a drawing of an ape, but when you look at bitcoin what you see is historically crypto winter hits, the price goes down then it starts to go back up. it becomes a great time to buy when there is a downturn if you are a true believer. emily: cryptocurrency has been very male-dominated. what are you saying there? >> i think crypto is unfortunately like the rest of the tech industry, male-dominated like finance. there are certainly some bright spots. the industry has to fundamentally change and it's the same vc's funding crypto companies as tech companies. emily: it's great to have you back. thank you as always for your voice in this conversation. coming up, more about sexism in the different part of the tech industry that is crypto. i will be joined by a crypto investor and founder. her perspective next. this is bloomberg. ♪ emily: time for our crypto report. bit
are you still bullish on crypto? >> i am always bullish on crypto. i was early in the space. in crypto, what we have seen when you look at the historical bitcoin price,, not the nft's, i don't want to own a picture of a drawing of an ape, but when you look at bitcoin what you see is historically crypto winter hits, the price goes down then it starts to go back up. it becomes a great time to buy when there is a downturn if you are a true believer. emily: cryptocurrency has been very...
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and indeed the crypto industry as a whole. the some really good signs, the launch technology, which it relies on, of course, is being adopted more broadly say with you so that my so mainstream invite. i think medium is bright. are these mainstream investments? yeah. shall. yeah. she, like most of the wild banks, are now involved in crypto to some degree. black rock of course has come out. j. p . morgan, san char says it is a handful of household names in the financial institutions the are active. so i think that of 18 months, 2 years ago, crypt i was pretty nation was sort of the preserve of the relatively small number of people. but actually fast forward to today, most retail businesses, most hedge funds, asset managers, and banks do have active quicktime block chain projects. so i think probably increasingly mainstream. but of course, equally still at the foot holes of that to energy being adopted. there are companies like yours that have said that long term mainstream wells can be built by investing in crypto was that not m
and indeed the crypto industry as a whole. the some really good signs, the launch technology, which it relies on, of course, is being adopted more broadly say with you so that my so mainstream invite. i think medium is bright. are these mainstream investments? yeah. shall. yeah. she, like most of the wild banks, are now involved in crypto to some degree. black rock of course has come out. j. p . morgan, san char says it is a handful of household names in the financial institutions the are...
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Jun 16, 2022
06/22
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mike has two thirds of crypto hedge funds failing. we are here to talk about these concerns. >> i talked about tokens and projects facing problems in the last couple of weeks but now we are talking about the investors themselves. they are about three hours capital, they say they are in the process of being fully committed to working this out. what is the future for a company like three hours? three hours was very close to luna which had collapsed earlier this year. they invested prior to that collapse but it is not just the collapse of luna. there have been declining crypto assets that have been very severe. the question is how far will that washout go? especially as they liquidate the many assets they hold. >> very cryptic tweet indeed. i want to talk about all of this with our chief strategy officer. i know you are listening into our segment earlier where our guest -- he said the bottom is even further down then where we are. >> it is great to see you both. i wish he was under bedroom circuit -- i wish it was under better circumstan
mike has two thirds of crypto hedge funds failing. we are here to talk about these concerns. >> i talked about tokens and projects facing problems in the last couple of weeks but now we are talking about the investors themselves. they are about three hours capital, they say they are in the process of being fully committed to working this out. what is the future for a company like three hours? three hours was very close to luna which had collapsed earlier this year. they invested prior to...
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Jun 13, 2022
06/22
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like, hold your assets with us, in crypto. you'll get this insane interest rate and weren't prevented from doing that and now that's potentially playing out for the whole market am i understanding it correctly? >> you are one of the things regulators will be laser focused on high-profile examples tend to about what the regulators look at and tried to stop certain companies, coinbase included, from offering these types of yields not the same as closure. the website says 18% apy as a regular retail investors my say sounds great 0% until now 0% interest pretty much on both bank accounts looking for that extra bump, extra yield. absolutely right historical example people look at, one bankrupt, a messy, messy fallout. people retail investors had to sort of go into litigation and try to get their crypto back we don't know if it's going in that direction what people are saying at this point. that's the example historically and a decade or so ago before crypto really was a mainstream asset and hedge funds, and mainstream institutional
like, hold your assets with us, in crypto. you'll get this insane interest rate and weren't prevented from doing that and now that's potentially playing out for the whole market am i understanding it correctly? >> you are one of the things regulators will be laser focused on high-profile examples tend to about what the regulators look at and tried to stop certain companies, coinbase included, from offering these types of yields not the same as closure. the website says 18% apy as a...
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Jun 28, 2022
06/22
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now coinflex has the crypto's physical crypto exchanges in question. sonali basak is here now to give us a lay of the land. sonali: than addition to the situations that you talked about, when it comes to coinflex , we are going to get some more details about them in a second, but equally as interesting is how the industry is being shored up in the middle of this crypto winter and the liquidity crunch. we are going to talk about how that is going to happen with mark lamb, the ceo of coinflex. coinflex is looking to bring back their operations in a more normal form and resuming withdrawals by thursday, june 30. one of the ways that you have said to me today that you are planning on doing that is by issuing a new token. that is almost $50 million, $47 million worth with a 20% yield. that is a large return to investors who would get into this token. mark, tell me, what does this token represent? who is it making whole, how is it making them whole, and what happens if you cannot raise that money? mark: at coinflex, fundamentally we believe in markets, trans
now coinflex has the crypto's physical crypto exchanges in question. sonali basak is here now to give us a lay of the land. sonali: than addition to the situations that you talked about, when it comes to coinflex , we are going to get some more details about them in a second, but equally as interesting is how the industry is being shored up in the middle of this crypto winter and the liquidity crunch. we are going to talk about how that is going to happen with mark lamb, the ceo of coinflex....
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Jun 22, 2022
06/22
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but they're not crypto currencies. let's stop using the rates. they're just assets, they're crypto assets, then they are now st. never have been and never will be a substitute for fears purposes. or i only substitute for parts you are going to guess would be central bank, digital currencies, or whatever. we're going to call them name. is this a turning point in terms of at least regulation that going forward? they will now need to be regulated in a very different way. that's an excellent question. now, the office to that particular question is this crypto landscape today? do we have more regulations in comparison to 2 or 3 years ago? a lot trash happen? the answer to that one is clearly yes, because we have many exchanges which are very much in the united states and various different jurisdictions that even to this day acquisition. not only happening so that the changes can credit and the licenses under the regulations of that particular jurisdiction. so i think the current blow out in tara is going to only in or in the, in the high yield space i
but they're not crypto currencies. let's stop using the rates. they're just assets, they're crypto assets, then they are now st. never have been and never will be a substitute for fears purposes. or i only substitute for parts you are going to guess would be central bank, digital currencies, or whatever. we're going to call them name. is this a turning point in terms of at least regulation that going forward? they will now need to be regulated in a very different way. that's an excellent...
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Jun 23, 2022
06/22
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LINKTV
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the answer is look at the crypto landscape today. do we have more regulations compared to three years ago or when the last crash happened? the answer is yes. with many exchanges that are regulated in the u.s.. so i think the current blowout in the high-yield space will only invite more regulators to come and provide securely. -- security. >> who will provide that regulation and what will it mean -- and will it mean for what was supposed to be a free flowing decentralized currency? >> as a human being you want to be governed by one single entity. and we do not have that currently in the crypto space. but now we do see some initial actions by companies like celsius where they say [indiscernible] >> that is desperation. because the whole point of having decentralized peer-to-peer finance is that it is not regulated, that the market finds its own regulation . stopping people from transacting on unregulated markets is not regulation, it's people trying to prop up liquidity positions for you know for perfectly sensible and sane reasons. th
the answer is look at the crypto landscape today. do we have more regulations compared to three years ago or when the last crash happened? the answer is yes. with many exchanges that are regulated in the u.s.. so i think the current blowout in the high-yield space will only invite more regulators to come and provide securely. -- security. >> who will provide that regulation and what will it mean -- and will it mean for what was supposed to be a free flowing decentralized currency?...
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Jun 13, 2022
06/22
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. >> damon, he's in crypto >> they paid him in crypto for the ad >> that's a good question. not a lot of places ended up -- like it's over people who love it, i don't want to need protection from those people, but there are people who are quite vociferous that this was going to be the big replacement, and a lot of people felt it would be a great hedge to inflation it turned out to be a horrendous hedge. and it's in a lot of places. i had silver gate on, a place that has it, obviously, microstrategy has a lot of it. and coinbase, we know, is a poster child that story last week, the rescinding of job offers, that was a bit of a red flag. >> at coin >> eah i haven't seen a lot of that in my time. maybe in 2008. >> man, we had sailor on so many times. >> how is he doing >> an evangelist for crypto. he's very articulate on it microstrategy becomes in a sense a way to invest in crypto. not going too well lately. >> thank you guys for doing the full, because once again, we sort of see -- >> this is the thing people have to recognize there are levels, obviously, if you came in at ce
. >> damon, he's in crypto >> they paid him in crypto for the ad >> that's a good question. not a lot of places ended up -- like it's over people who love it, i don't want to need protection from those people, but there are people who are quite vociferous that this was going to be the big replacement, and a lot of people felt it would be a great hedge to inflation it turned out to be a horrendous hedge. and it's in a lot of places. i had silver gate on, a place that has it,...
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saying such a flight away from crypto. those people who can pulling out their money worried that they may not be able to get hold of it in the future. what we thing right now is reminiscent of her, the dot com bubble bursting. there'd be huge speculation because of the error of ultra cheap money may been piling into crypto with high hopes that some of these at smart contract contracts on, but on the block chain could really harold, the style of a revolution within the payment industry. those are really high hopes and only expectations of some potential, a growth in the future. and now what investors want to see is returns right now and then not seen that by just speculation on future growth. what does this done mean? now, if we look down the line, more of aggressive monetary policy, possibly a research, and what is that likely to mean for crypt occurs? i think that it's going to a mean that, that we're not going to see in a reverse of, of fortunes for the crypto world any time soon. and certainly this could be the start of
saying such a flight away from crypto. those people who can pulling out their money worried that they may not be able to get hold of it in the future. what we thing right now is reminiscent of her, the dot com bubble bursting. there'd be huge speculation because of the error of ultra cheap money may been piling into crypto with high hopes that some of these at smart contract contracts on, but on the block chain could really harold, the style of a revolution within the payment industry. those...
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Jun 15, 2022
06/22
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CNBC
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crypto has been around for over a decade. this is the third downturn in that period. so the downturn is nothing new we're coming off a bull market with a lot of talent inflows and infrastructure builds. this is probably one of the first correlated macro downturns. i think it's probably because the bull run was caused by macro factors, but i don't know that in my opinion this spells the end for crypto at this time. >> does it have to be all or nothing, katherine i'll take bitcoin specifically, has never really existed outside of a bull market i question how much it makes sense to look at other crypto winters within a bull market can you give me a good reason why bitcoin won't go to 10,000 or even 5,000 over the next few months since it went from 60 to almost 0 >> i can't predict the prices. it can go up or down we know crypto assets is pretty volatile you have more sovereign nation interest bitcoin is legal tender in more than one country so i think there is probably enough interest to -- look, i can't predict prices, right? b
crypto has been around for over a decade. this is the third downturn in that period. so the downturn is nothing new we're coming off a bull market with a lot of talent inflows and infrastructure builds. this is probably one of the first correlated macro downturns. i think it's probably because the bull run was caused by macro factors, but i don't know that in my opinion this spells the end for crypto at this time. >> does it have to be all or nothing, katherine i'll take bitcoin...
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Jun 15, 2022
06/22
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alix: i know that people are going to say that crypto has weathered a crypto winter before. you guys have done this, it is ok. what is different now is if the era of losing money is over, it is 100% going to be over, and that is different. there are so many more products now in the crypto market and i'm wondering where the liquidation systemic risk may lie. michael: i think it actually speaks more to opportunity within the crypto ecosystem. if you are for seeing players who do not have a proper government in place or were employed too much leverage ultimately getting flushed out of the ecosystem as those other players that remain to whether the crypto winter, you add to the application lawyers that are continuing tol add --ayers, --l layers, you're going to be a variety of winners coming out of this crypto winter and i think they are really thinking hard and fast about who the counterparties are and what type of applications and protocols are important to have in their portfolios in this kind of environment. guy: one of the use cases for crypto has long been touted as a valu
alix: i know that people are going to say that crypto has weathered a crypto winter before. you guys have done this, it is ok. what is different now is if the era of losing money is over, it is 100% going to be over, and that is different. there are so many more products now in the crypto market and i'm wondering where the liquidation systemic risk may lie. michael: i think it actually speaks more to opportunity within the crypto ecosystem. if you are for seeing players who do not have a proper...
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Jun 20, 2022
06/22
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FBC
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the minute we knew that crypto was an inflation hedge and that's when inflation started popping, crypto didn't necessarily pop. liz: right. charlie: then you kind of know that it was an asset that's trading on other fundamentals or lack thereof. maybe a mania, so, that's what we got now, and now it's just watching various companies and how they react and i think that's where the next leg down. we should point out over the weekend down to 17,000 on bitcoin. it bounced a little below 20, five minutes ago so this is a moving average. it's a moving target going on right now. i would say this is what you look at. and this is what has a lot of people thinking that there's going to be another leg down. the coinbase layoffs were just wacky, dramatic, and weird. just a weird thing because brian armstrong, the ceo just a couple months ago was saying we're going to grow to 10,000 not too long ago. they grew over a course of like four months from 2,500 to 5,000. liz: okay. that's just crazy. charlie: that's crazy, okay? then they had plans to go to 10,000 and you know what happened next. so and the
the minute we knew that crypto was an inflation hedge and that's when inflation started popping, crypto didn't necessarily pop. liz: right. charlie: then you kind of know that it was an asset that's trading on other fundamentals or lack thereof. maybe a mania, so, that's what we got now, and now it's just watching various companies and how they react and i think that's where the next leg down. we should point out over the weekend down to 17,000 on bitcoin. it bounced a little below 20, five...
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Jun 29, 2022
06/22
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. -- the crypto sphere. it tends to move less than other points. you saw that today it i i think i heard "flat as a floppy disk." then there are more speculative tech stocks. we saw ether fall. this is what you typically see on the downside and the upside. when bitcoin moves higher, it is the altcoins that lead the game. the same is true on the downside when you do have a big draw down in bitcoin, it tends to be even bigger out the risk curve. emily: you have to bitcoin believers, the folks who are never going to give up on nft, and yet nft's continuing to fall. would you say we are past the peak? katie: it is a good question. just looking at the data, you are going to get a thousand different opinions. you look at the biggest nft marketplace out there -- this stat was in the bloomberg article. sales volume has fallen 75% since may. it is at the lowest level since july 2021. perhaps some of the air is coming out of the nft bubble. whether this is approaching the bottom remains to be seen. you tend to see a shakeup like this. emily: it is called ind
. -- the crypto sphere. it tends to move less than other points. you saw that today it i i think i heard "flat as a floppy disk." then there are more speculative tech stocks. we saw ether fall. this is what you typically see on the downside and the upside. when bitcoin moves higher, it is the altcoins that lead the game. the same is true on the downside when you do have a big draw down in bitcoin, it tends to be even bigger out the risk curve. emily: you have to bitcoin believers, the...
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Jun 15, 2022
06/22
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emily: how do you view the crypto meltdown? how does crypto survive this? victoria: crypto needs to figure out what it is. was it a hedge against central-bank spending and ration? we have seen it is not that. there is a regulation hurdle. right now, it is trading like a tech stock. it is not really providing diversification but it's or a buffer, and it is definitely not providing an inflation offset. start of a fintech revolution. i think we are still in the early innings of it. as for how people are going to use it and integrated in their lives and how it is regulated and taxed -- that question might be thought out this year, but we may see some bigger players come into the market because they feel a little more comfortable. you look at some of the recent crypto blowups, and it has put a bit of a check on people. this is not a secure investment. there is a risk of loss. there is fantastic technology, and i think blockchain is innovative, but we have to figure out how to use it. i'm not buying a car with bitcoin on my app. it is to volatile. it is not cash.
emily: how do you view the crypto meltdown? how does crypto survive this? victoria: crypto needs to figure out what it is. was it a hedge against central-bank spending and ration? we have seen it is not that. there is a regulation hurdle. right now, it is trading like a tech stock. it is not really providing diversification but it's or a buffer, and it is definitely not providing an inflation offset. start of a fintech revolution. i think we are still in the early innings of it. as for how...
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Jun 13, 2022
06/22
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BLOOMBERG
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another crypto meltdown. why celsius is bringing crypto stocks down with it. all the details next. this is bloomberg. ♪ emily: it is time now for our crypto report. one month after the implosion of a stablecoin, a fresh crisis is causing trouble across the crypto universe. celsius network, one of the biggest lenders and a key player said late sunday it is pausing withdrawals, swaps, and transfers after weeks of speculation over its ability to make good on its outsized returns. we are here with more on this. did celsius bring the crypto markets down with it or vice versa? >> it's a very good question because we saw a big drop between the crypto markets. sunday night is when you saw them pausing withdrawals. there was concern that something like this could happen. worries about celsius able to make do on yields as much as 17% when it comes to these lending products. the question now, is there a broader contagion? what does that mean moving forward? we see bitcoin itself drop about 15% in that time frame between sunday into monday. even though you saw a steady drop off in bitcoin ov
another crypto meltdown. why celsius is bringing crypto stocks down with it. all the details next. this is bloomberg. ♪ emily: it is time now for our crypto report. one month after the implosion of a stablecoin, a fresh crisis is causing trouble across the crypto universe. celsius network, one of the biggest lenders and a key player said late sunday it is pausing withdrawals, swaps, and transfers after weeks of speculation over its ability to make good on its outsized returns. we are here...
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Jun 30, 2022
06/22
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your last segment was on crypto and we are entering the crypto market, and i think there is a similar energy and where we are in the crypto space relative to where we were in the overall market a decade ago, when we were founded. emily: i know you are working on a crypto product for launch later this year. what is your take on the broader crypto volatility and bitcoin at new lows? sarah: our view is that crypto continues to be an asset class for the long-term, and we think about it as a whole instead of the individual stories. bitcoin or the rest of the coins coming up behind, our view is long-term diversification in traditional finance and similarly in, and crypto. from an advisory standpoint, we believe this is not an all or nothing idea. we advise our clients to use -- keep less than 5% of their portfolios in crypto as a diversification play. emily: sam bateman free is interested in buying robinhood. what is your take on that? how does that change the game? sarah: particularly in 2021, self-directed trading got a lot of excitement, and some combination of crypto and options and sin
your last segment was on crypto and we are entering the crypto market, and i think there is a similar energy and where we are in the crypto space relative to where we were in the overall market a decade ago, when we were founded. emily: i know you are working on a crypto product for launch later this year. what is your take on the broader crypto volatility and bitcoin at new lows? sarah: our view is that crypto continues to be an asset class for the long-term, and we think about it as a whole...
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Jun 15, 2022
06/22
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crypto is not a monolith. every crypto platform has a varied different approach, every stablecoin is different. all of that nuance is critically important for us to understand as we look at regulation. emily: where do you see legitimate potential? sheila: i'm interested in solving real problems for real people. it's interesting to see crowdfunding of wartime defense for ukraine. we've seen examples where we are focusing on real problems and we also know we've got 1.7 billion people without access to basic financial services. it's a massive gap. having those things and understanding there's a gigantic market there that needs to get baseline checking account kinds of services, those are projects that will see longevity and stamina and see them or emerge from this moment we are in stronger than ever. emily: sheila warren, thanks for sharing your view. sonali basak, thank you for joining us. coming back up, chuck robbins, cisco ceo once more from cisco live for more of that exclusive conversation. next. this is bl
crypto is not a monolith. every crypto platform has a varied different approach, every stablecoin is different. all of that nuance is critically important for us to understand as we look at regulation. emily: where do you see legitimate potential? sheila: i'm interested in solving real problems for real people. it's interesting to see crowdfunding of wartime defense for ukraine. we've seen examples where we are focusing on real problems and we also know we've got 1.7 billion people without...
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Jun 18, 2022
06/22
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. >> the crypto crash. cnbc's kate rooney in miami with a look at the impact on the city and what its pro-crypto mayor is saying now >> first, scandal rocks the wwe. vince mcmahon, the billionaire ceo and primary shareholder of world wrestling entertainment, stepping back temporarily from his leadership roles within the company. he'll be stepping aside while there's an investigation into alleged misconduct "wall street journal" reported they're investigating hush money payments he made to a former employee, but wwe reports mcmahon will maintain control of the company's creative storylines while under investigation. in typical brash mcmahon fashion, he's not going quietly. the wwe reports he'll appear tonight tive on smackdown in character to address the scandal. a source familiar with the matter told cnbc reporter alex sherman that mcmahon has torn up the script for smackdown that was written last night the company reports mcmahon has no intention of making this leave permanent. cnbc's perry russom now on t
. >> the crypto crash. cnbc's kate rooney in miami with a look at the impact on the city and what its pro-crypto mayor is saying now >> first, scandal rocks the wwe. vince mcmahon, the billionaire ceo and primary shareholder of world wrestling entertainment, stepping back temporarily from his leadership roles within the company. he'll be stepping aside while there's an investigation into alleged misconduct "wall street journal" reported they're investigating hush money...
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Jun 24, 2022
06/22
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which were specific to crypto. at the same time, we have seen in previous recessions, the people's mentality changes. but they still want to engage in entertainment and sports and gaming. they want to get more value for their time with their kids. they will get more value for the money they are spending as fans and nft's and crypto is about giving value back to the fan and value back to the user. if you spend a dollar in digital world that is not crypto enabled, you will never get the dollar back. you spend a dollar in the nft it keeps giving back to you, the end of the day it is a liquid and you can keep it your kids, whatever it might be. the ecosystem where working on with our leak partners -- leak partners is to say -- league partners, let this be the back own -- back own -- back bone, let's give back to the fans and make sports and excitement and entertaining activity that they can engage in both the digital and physical world. emily: fascinating. roham gharegozlou ceo of dapper labs. thank you. we will keep w
which were specific to crypto. at the same time, we have seen in previous recessions, the people's mentality changes. but they still want to engage in entertainment and sports and gaming. they want to get more value for their time with their kids. they will get more value for the money they are spending as fans and nft's and crypto is about giving value back to the fan and value back to the user. if you spend a dollar in digital world that is not crypto enabled, you will never get the dollar...
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Jun 27, 2022
06/22
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BLOOMBERG
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crypto is on the cutting edge of finance. one of the ways that has not been as successful is when companies put their head in the sand or refused to communicate and hide behind lawyers. rather than treating lawyers as advisors in creating solutions that resolve the problem extremely quickly. where more people get to participate in the solution. sonali: assuming this works and withdrawals begin again on june 30, are you afraid you will face a run on the bank? mark: we are not worried about that scenario because upon the fundraising being concluded, everyone can withdraw. we want everything to be matched at all times. we have to intervene, do these things, we are going forward. we're going to take further steps on making every aspect of the exchange transparent including the futures positions, the value of the coin and account positions public, by an external auditing firm, and we think that ultimately, that is in line with our vetoes from day one. we wanted everything to be market-based, transparent, tokenized. emily: what is
crypto is on the cutting edge of finance. one of the ways that has not been as successful is when companies put their head in the sand or refused to communicate and hide behind lawyers. rather than treating lawyers as advisors in creating solutions that resolve the problem extremely quickly. where more people get to participate in the solution. sonali: assuming this works and withdrawals begin again on june 30, are you afraid you will face a run on the bank? mark: we are not worried about that...
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Jun 14, 2022
06/22
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FBC
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checking back on the cryptos. i call that a crypto crash. bitcoin's investor nikki has been with us several times on the show previously entered joins us today. tell me, are you now underwater with your crypto investments? >> thanks for having me. my portfolio is pink, part of it since we last spoke. and partly due to everything happening in crypto but i see crypto as a long-term investment so i am keeping on my portfolio. stuart: if you look under the hood of the crypto business you can see some real problems which i am sure where you. luna, celsius, finance. you have to be uncomfortable at this stage. >> i would say i am nervous and uncomfortable. in the history of crypto you always see these dips happening however they recover in the long-term. i hope in the long term this will be an investment. stuart: any point at which you would sell out and get out of it. >> hard for me to sell out especially since it is going down so much but i would sell one crypto backup. stuart: that is interesting. you will wait for it to go back up and then you
checking back on the cryptos. i call that a crypto crash. bitcoin's investor nikki has been with us several times on the show previously entered joins us today. tell me, are you now underwater with your crypto investments? >> thanks for having me. my portfolio is pink, part of it since we last spoke. and partly due to everything happening in crypto but i see crypto as a long-term investment so i am keeping on my portfolio. stuart: if you look under the hood of the crypto business you can...
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Jun 14, 2022
06/22
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another crypto meltdown. why celsius is bringing crypto stocks down with it. all the details next. this is bloomberg. ♪ ♪ at cdw, we get if your network power goes down, your business goes with it. recording: thanks for calling, we are unexpectedly closed today due to... cdw experts can keep you up and running with an apc smart-ups lithium-ion ups from schneider electric. it offers cloud-enabled remote monitoring and three times the battery life, so you can get the performance and certainty you need to stay open for business. for resiliency at the edge, trust schneider electric and it orchestration by cdw®. people who get it. emily: it is time now for our crypto report. one month after the implosion of a stablecoin, a fresh crisis is causing trouble across the crypto universe. celsius network, one of the biggest lenders and a key player said late sunday it is pausing withdrawals, swaps, and transfers after weeks of speculation over its ability to make good on its outsized returns. we are here with more on this. did celsius bring the crypto markets down with it or vice versa? >
another crypto meltdown. why celsius is bringing crypto stocks down with it. all the details next. this is bloomberg. ♪ ♪ at cdw, we get if your network power goes down, your business goes with it. recording: thanks for calling, we are unexpectedly closed today due to... cdw experts can keep you up and running with an apc smart-ups lithium-ion ups from schneider electric. it offers cloud-enabled remote monitoring and three times the battery life, so you can get the performance and certainty...
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Jun 13, 2022
06/22
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CNBC
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we have to wonder whether it runs on the crypto bank. we have no idea about what's going on we don't know how the big public repositories or crypto are doing. here i'm thinking about coin boise. although i would add paused withdrawals for several hours because of what they said was the stuffed transaction, whatever that means. i need to reiterate that i didn't meet anyone in silicon valley that owned crypto i met a lot of executives and these are wealthy people that said it was worthless and disparaged it at every meeting i took this nft thing, they say, jim, it is just a hoax. just pass it on. now, this worry about bitcoin would all be bad news for a software company that borrowed monies of millions to buy bitcoin as an investor of shareholder money. if it breaks down, they will have to put up more money. there is a little bit of room there, but that's what will happen when fcc chief came on the show to talk about crypto bank, i wish i had been more vocal about how dangerous it is to pay these levels of interest because it means someone
we have to wonder whether it runs on the crypto bank. we have no idea about what's going on we don't know how the big public repositories or crypto are doing. here i'm thinking about coin boise. although i would add paused withdrawals for several hours because of what they said was the stuffed transaction, whatever that means. i need to reiterate that i didn't meet anyone in silicon valley that owned crypto i met a lot of executives and these are wealthy people that said it was worthless and...
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Jun 14, 2022
06/22
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crypto, 1:00 p.m., be there. this is bloomberg. ♪ ritika: keeping you up-to-date with the first word. i am ritika gupta. president biden will meet in saudi arabia with the crown prince. he once promised to punish them over the human rights abuses. this will be a trip to isolate russia and lower gasoline prices. hong kong's outgoing leader carrie lam says quarantine has weekend the country. she pointed to the fact hong kong is still requiring one-week week quarantine for incoming travelers. >> everything is relative. when people are opening up and hong kong is imposing the seven day quarantine, that weakens our position as a national city. ritika: [indiscernible] hong kong residents will now have to show a negative covid test to enter the city's bars and nightclubs starting thursday through the end of the month. this as the city is seeing an increasing number of infections driven by transmission at entertainment facilities that recently reopened. it was more than one year since she was detained at the case is un
crypto, 1:00 p.m., be there. this is bloomberg. ♪ ritika: keeping you up-to-date with the first word. i am ritika gupta. president biden will meet in saudi arabia with the crown prince. he once promised to punish them over the human rights abuses. this will be a trip to isolate russia and lower gasoline prices. hong kong's outgoing leader carrie lam says quarantine has weekend the country. she pointed to the fact hong kong is still requiring one-week week quarantine for incoming travelers....
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Jun 13, 2022
06/22
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FBC
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back to cryptos real fast. we got crypto, a real crypto crash here. bitcoin's back to 23,240. all right. let's change the subject. >>> russia's naval blockade disrupting ukraine exports that is threaten the world's food supply. steve harrigan is in oy dessa how much worse could it get, steve? reporter: it could get a lot worse. people in odesa have a deep-seeded fear, if russia takes control in the east they could be next here. the last main city still under ukrainian under control along the coast. the situation with the grain, with the wheat is very bad indeed. 25 million-tons of that grain pretty much stuck here along the coast unable to be exported because of a russian naval blockade. when you talked to farmers, they say it is painful, to simply watch the results of their labor rot away. >> translator: there are about 70 or 80 tons of wheat in our village alone. the neighboring villages have the same problem. everyone calls me. did you find somewhere to sell it? no, i didn't. it is cheaper to throw it away. the effect of this crisis goes far beyond ukraine. africa gets almo
back to cryptos real fast. we got crypto, a real crypto crash here. bitcoin's back to 23,240. all right. let's change the subject. >>> russia's naval blockade disrupting ukraine exports that is threaten the world's food supply. steve harrigan is in oy dessa how much worse could it get, steve? reporter: it could get a lot worse. people in odesa have a deep-seeded fear, if russia takes control in the east they could be next here. the last main city still under ukrainian under control...
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Jun 8, 2022
06/22
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crypto is a service by mastercard. as we look ahead we see a world where central bank digital currencies could be a reality as governments are thinking about it. we need to enable our network. if i want to pay coffee with the digital dollar, in the end it has to step over to us and we are ready. all these other things is what we stand for. that is what we brings to the industry. emily: thanks for joining us and coming to san francisco. you are going down to something california to meet with president biden. >> today. emily: good luck with that visit. kriti: emily chang, thank you is always. emily is also live with the ceo of amazon in the next hour. this is bloomberg. ♪ jon: this is "bloomberg markets ." hong kong says it will not tighten covid curbs ahead of the july 1 hand over anniversary. for more on the fight against the virus we are joined by dr. amesh adalja from the bloomberg school of public health. this story really does speak to the tension over china's covid policy. something which you questioned the star
crypto is a service by mastercard. as we look ahead we see a world where central bank digital currencies could be a reality as governments are thinking about it. we need to enable our network. if i want to pay coffee with the digital dollar, in the end it has to step over to us and we are ready. all these other things is what we stand for. that is what we brings to the industry. emily: thanks for joining us and coming to san francisco. you are going down to something california to meet with...
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Jun 14, 2022
06/22
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crypto winter. last week alone, crypto.com, peter thiel's backed blockify, and now coinbase, all announcing they're cutting their workforces kate rooney joins us with the latest kate >> hi, jon coinbase plans to lay off 18% of its workforce, which nets out to about 1100 people. brian armstrong telling employees in an email, we appear to be entering a recession after a ten-plus year economic boom. he said the company, quote, grew too quickly, and coinbase needs to manage its burn rate and increase efficiency. he says, quote, it's now clear that they overhired. i also sat down with coinbase chief operating officer emily troy ahead of the news she said it was difficult but a necessary decision points to the economic backdrop and says coinbase has survived similar downturns before she also said she's looking tacoach employees to focus more on the long term >> coinbase is a long term play, and i think that when you think about companies that are in new categories much in the same way that amazon or tesla
crypto winter. last week alone, crypto.com, peter thiel's backed blockify, and now coinbase, all announcing they're cutting their workforces kate rooney joins us with the latest kate >> hi, jon coinbase plans to lay off 18% of its workforce, which nets out to about 1100 people. brian armstrong telling employees in an email, we appear to be entering a recession after a ten-plus year economic boom. he said the company, quote, grew too quickly, and coinbase needs to manage its burn rate and...
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crypto exchanges don't plan to bar all russian users. a blanket band would impact russians not involved in the war effort and contradict the spirit of bitcoin. still, western providers should block the bitcoin accounts of those on the sanctions list . while amounts of up to $10000.00 remain under the radar lodgers, some should be flagged by the online exchanges, software and set alarm bells ringing. the transaction would be rejected, blocked and reported to the authorities. russian banks or state agencies should be noticed straight off crypto currencies aren't a real alternative for companies. either. bitcoin transactions are not legally protected. if the seller doesn't send ordered goods, even though they were paid foreign bitcoin, that's tough luck for the buyer. she can prove she made payment with bitcoin. in addition, the prices of bitcoin and other crypto currencies often fluctuate wildly. profits can quickly shrink by 10 percent, depending on the market. what's left for russians, their own crypto currency. russia aims to introduce
crypto exchanges don't plan to bar all russian users. a blanket band would impact russians not involved in the war effort and contradict the spirit of bitcoin. still, western providers should block the bitcoin accounts of those on the sanctions list . while amounts of up to $10000.00 remain under the radar lodgers, some should be flagged by the online exchanges, software and set alarm bells ringing. the transaction would be rejected, blocked and reported to the authorities. russian banks or...
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Jun 16, 2022
06/22
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KNTV
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of a crypto winter. no laughing matter as jokes about crypto being a sure thing take on a different meaning. >> eh, i don't think so. >>> dreaming about the weekend i feel you michelle will have an early look at our forecast, next. >>> how would you rate that traffic stop the w wn neto letting residents review police officers >> hmm yup. see you around. i knew that was the last time i'd see tom. the truth is, i was spending too much online jake from state farm. don't give up what you love. state farm has options like bundling home and auto, so you get a rate that fits your budget. tom! i'm gonna buy more stuff! for surprisingly great rates that fit any budget... like a good neighbor, state farm is there.® call or click to get a quote today. got lingering odors? grab febreze small spaces. state farm is there.® press firmly to activate... and small spaces continuously eliminates and prevents odors... ...to freshen up any small room... ...for up to 45 days. febreze. ♪la la la♪ want more from your vita
of a crypto winter. no laughing matter as jokes about crypto being a sure thing take on a different meaning. >> eh, i don't think so. >>> dreaming about the weekend i feel you michelle will have an early look at our forecast, next. >>> how would you rate that traffic stop the w wn neto letting residents review police officers >> hmm yup. see you around. i knew that was the last time i'd see tom. the truth is, i was spending too much online jake from state farm....